The Clean Growth Fund (CGF) has won a capital commitment of £20M from Strathclyde Pension Fund. The investment will bring the total amount raised by the Fund, a venture capital fund investing into promising early-stage UK clean technology ventures, close…
Author Archive for New Power
INTERVIEW: Amanda Brock, OpenUK, on how Open Source is moving into energy
by New Power • • Comments Off
How many energy companies have a policy against the use of so-called ‘Open source’ software in their activities? Amanda Brock, chief executive of OpenUK, says it’s a common prohibition – but she suspects that a closer look will reveal that…
Swiss company signs 10-year deal for output from French developer’s solar farm in Kent
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Axpo UK, the UK arm of Swiss energy generator and trader Axpo, has signed a new ten-year, fixed price power purchase agreement (PPA) with French solar developer Voltalia for a PV installation in Kent. Axpo UK will purchase 100% of…
Anglian Water plans to step up investment in solar PV
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Anglian Water is stepping up its investment in solar PV. It more than doubled generation in 2021 to 7.2GWh from 14 solar PV installations at its sites – an increase from 3GWh in 2020 – and completed the largest solar…
Vehicle electrification – and COP 26 – prompt upgrades in Glasgow electricity networks
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SPEN is adding electrical circuits to an existing substation close to this year’s COP26 venues in Glasgow. Next year the new equipment will become part of a new substation, one of three added or upgraded that will be required to…
GIG acquires battery development portfolio, plans to operate in balancing and grid service markets
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Macquarie’s Green Investment Group (GIG) has acquired a ‘utility scale’ portfolio of development-stage distribution-connected battery storage from Capbal. The organisations will initially partner to deliver seven projects totaling 187MWh and strategically located in highly congested areas of the UK network,…
Aksiom Services acquires Anesco, highlights ‘potential to scale rapidly in the UK and elsewhere in Europe’
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Anesco has been acquired by Aksiom Services Group, a partnership between Ara Partners and the Aksiom Group, for an undisclosed sum. The transaction will see principal shareholder and funder Alcentra exiting Anesco’s shareholder base after six years. Aksiom is a…
Independent networks raise fears over Future Homes Standard: gaps on policy delivery must be filled and impact assessment is needed now
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The Independent Networks Association (INA) has warned that government’s plan to ensure new homes will be low carbon is undermined by a lack of joined-up policy delivery and proposed delaying implementation until 2028. A report by EY for the INA…
JLEN acquires first biomass CHP asset
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Environmental infrastructure fund JLEN has made its first investment in large biomass CHP, with the acquisition of Cramlington Renewable Energy Developments Ltd and its underlying contracts. Cramlington owns a biomass CHP plant located to the north west of Cramlington in…
Origami raises £20M to fund expansion of data and trading software that underpins use of green energy
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Origami has raised £20.5M of new funding to help grow its trading and automation software business. The software provides power traders with real-time data and machine-learning decision-support tools to reduce risk, improve visibility and capture value opportunities within new and…